Home loan interest advantage in new tax regime: Reduce your tax by claiming loss but only on this type of house property
If you have an ongoing home loan and are looking to reduce your net tax outgo, it is advisable to …
NEW TAX REGIME
No tax rate reductions for old regime, clarifies Nirmala Sitharaman
The new regime features lower tax rates and an increased standard deduction of Rs 75,000. | File Photo Finance Minister …
New Income Tax Slab Rates & Deductions for AY 2025-26 (FY 2024-25) as amended by FA (No.2) 2024: Salary, Advance Tax and Special Cases
The financial year (FY) 2024-25 brings updated rates for deduction of income tax at source (TDS) from “Salaries” and computation …
New TDS Rules for Salaried Individuals as per Budget 2024
The Union Budget 2024 introduced several significant changes in the tax deduction at source (TDS) on salary, specifically under the …
ITR filing deadline: What happens if you miss filing returns by July 31 this year?
 ITR filing deadline: Interest will be charged at the rate of 1% per month or part of the month …
Budget 2024: Deduction limit increased from 10% to 14%; introduces NPS Vatsalya for minors
One of the government’s objectives is to provide social security benefits to citizens. In Budget 2024, the Finance Minister made …
Deduction, rebates, liability: Which tax regime is suited for your salary
People earning annual salaries above Rs 10 lakh, Rs 15 lakh, and Rs 20 lakh face important decisions when it …
Switching Between New and Old Tax Regimes in Income Tax Return Filing
When filing their Income Tax Return (ITR), taxpayers have the option to switch between the new and old tax regimes. …
IT Department Revised Tax Rates from 5 July 2024 | Know the Normal Tax Slab Rates and Special Tax Rates before filing ITR
The Finance Act 2023 has amended the provisions of Section 115BAC w.e.f AY 2024-25, making the new tax regime the …
IT Department FAQ related to New Tax vs Old Tax Regime on 15 July 2024
The Finance Act 2023 has amended the provisions of Section 115BAC w.e.f AY 2024-25 to make new tax regime the …
